TAX AUDIT
This query is : Open
30 September 2010
MY CLIENT IS A BLDG. DEVELOPER ,
1)DURING THE YEAR WORK COMPLETED IS MORE THAN 40 Lac, But no sale agreeement is made with any body as no flat is sold. Whether he is liable for Tax Audit.
2) Can he follow Completed Method for Taxation Purpose.
1)DURING THE YEAR WORK COMPLETED IS MORE THAN 40 Lac, But no sale agreeement is made with any body as no flat is sold. Whether he is liable for Tax Audit.
2) Can he follow Completed Method for Taxation Purpose.
30 September 2010
AS-7 may be followed for accounting as well as income tax purposes.
01 October 2010
Sir, are all accounting standards accepted by IT Dept. for IT Purpose..
Could you please clarify..
as i always had this doubt in my mind
Regards.
Could you please clarify..
as i always had this doubt in my mind
Regards.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
